Except as a consequence of, and to the extent directed by, Section 5-24-15, a transfer resulting from the application of Section 5-24-12 is effective by reason of the terms of the account involved and this chapter and is not testamentary or subject to estate administration.
Ala. Code § 5-24-14
Accounts and Transfers Nontestamentary.
Known as the Uniform Multiple-Person Accounts Act
The act spans §§ 5–5 (22 sections).
(Acts 1997, No. 97-644, p. 1177, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.